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Share-Based Compensation
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2014
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| Share-Based Compensation |
11. Share-Based Compensation
During the six months ended March 31, 2014, we made the following grants:
Stock options granted had a weighted-average exercise price of $28.16 and a weighted-average grant date fair value of $6.97. Our time-based stock awards and performance-based stock awards had a weighted-average grant date fair value of $29.26 and $28.55. Included in the performance-based stock awards granted during 2014 are 185,327 units whose payout level is based upon the Company’s total shareholder return as it relates to the performance of companies in its compensation peer group over a three-year measurement period. These units will be expensed on a straight-line basis over the measurement period.
During the second quarter of 2014, we increased the shares issuable under the stock compensation plans by 3,900,000. |
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